Deckers Outdoor (DECK) Tops Q4 EPS by 17c; Guides FY18 EPS Higher

Deckers Outdoor (NYSE: DECK) reported Q4 EPS of $0.11, $0.17 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $369.5 million versus the consensus estimate of $357.59 million.

Dave Powers, President and CEO, said, "Over the course of the last year, the organization has been hard at work identifying margin enhancing initiatives and detailing plans that significantly improve the profitability of the company. We now anticipate that the $150 million cumulative savings plan announced in February 2017 will drive a $100 million operating profit improvement by fiscal year 2020. I am proud of the work the team has accomplished, and I believe we have laid a solid foundation to execute on our savings plan. I am confident that these improvements will drive a significant increase in shareholder value over the long-term."

GUIDANCE:

• Deckers Outdoor sees FY2018 EPS of $3.95-$4.15, versus the consensus of $3.79.
• Net sales are expected to be in the range of down 2% to flat
• Gross margin is expected to be approximately 47.5%
• SG&A expenses as a percentage of sales are projected to be approximately 37%

For earnings history and earnings-related data on Deckers Outdoor (DECK) click here.

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